Ethereum

Gold

<ul class="wp-block-list news-points">
 <li>Cardano (ADA) will soon rally to the $0.50 price region, said a prominent analyst.</li>
 <li>Whales have moved 19.5 billion ADA worth $6.48 billion in the past 24 hours.</li>
 <li>Cardano will also see the integration of its first gold-backed token, XNK.</li>
</ul>
ADA, the native token of Ethereum rival Cardano, is on track to rally to $0.50, according to a crypto analyst. This prediction comes as whales have moved a massive 19.5 billion ADA, worth $6.48 billion, in the past 24 hours, potentially signaling increased volatility ahead.
In an <a href="https://x.com/Altcoinbuzzio/status/1836654084360925326" target="_blank" rel="noopener noreferrer nofollow">X post</a> (formerly Twitter), the analyst stated that a combination of substantial ADA whale movements and the gold tokenization project launched by EMURGO, a blockchain firm focused on Cardano’s adoption, <a href="https://www.emurgo.io/press-news/kinka-on-chain-gold-launches-on-cardano-with-emurgo-support/" target="_blank" rel="noopener noreferrer nofollow">in partnership with Kinka Gold</a> (XNK), will likely drive the ADA price upwards to $0.50.
EMURGO will act as Cardano’s technology partner as the blockchain integrates its first major gold-backed token, XNK, into its ecosystem. XNK is backed by high-quality Japanese gold that meets the highest LBMA standards and is stored in secure, bankruptcy-remote vaults.
Additionally, EMURGO has <a href="https://coinedition.com/emurgo-and-zilliqa-partner-to-enhance-cardano-zilliqa-interoperability/" rel="noopener noreferrer nofollow">partnered with Zilliqa</a>, and the two plan to enhance interoperabil…
The post <a href="https://coinedition.com/cardanos-bullish-outlook-will-gold-tokenization-push-ada-to-0-50/" rel="noopener noreferrer nofollow">Cardano’s Bullish Outlook: Will Gold Tokenization Push ADA to $0.50?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Cardano’s Bullish Outlook: Will Gold Tokenization Push ADA to $0.50?

Coin Edition

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